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Nov 28, 2012
11/12
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now washington is looking at it now washington is looking at it to help heal the budget. here's dean reynolds. >> reporter: how is the market right now would you say? >> i think things are better. >> reporter: chicago area realtor debbie scully shudders at the idea that the tax deduction on mortgage interest may be on the congressional carving table. what would that do to your business? >> well, it certainly wouldn't be good. now there's a glimmer of hope that looks like things are stabilizing. why would they do anything that could hurt that? >> reporter: scully helped stacy litow sell her home. >> i always thought that that's one of the incentives to buying. >> reporter: builders love the tax break, too, because it helps support the market for big homes. the larger the mortgage, the greater the deduction. but it will cost the treasury nearly $100 billion next year. so now the talk in washington is about lowering the cap for the maximum mortgage amount you can claim interest on down from one million dollars. economist diane swonk. >> if you keep the deduction for the bulk
now washington is looking at it now washington is looking at it to help heal the budget. here's dean reynolds. >> reporter: how is the market right now would you say? >> i think things are better. >> reporter: chicago area realtor debbie scully shudders at the idea that the tax deduction on mortgage interest may be on the congressional carving table. what would that do to your business? >> well, it certainly wouldn't be good. now there's a glimmer of hope that looks like...
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Nov 29, 2012
11/12
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. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class taxes low. that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is not interested in personally meeting with congressional republicans because those meetings did little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will
. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class taxes low. that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is not interested in personally...
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Nov 23, 2012
11/12
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sharyl attkisson in washington has more on that tonight. sharyl. >> reporter: ambassador rice defended her comment from more than nine weeks ago when she said the benghazi attacks did not appear preplanned. she said that reflected the best intelligence at the time. >> i relied solely and squarely on the information provided to me by the intelligence community. i made clear that the information was preliminary and that our investigations would give us the definitive answers. >> reporter: but intelligence officials told congress last week they knew almost from the start that benghazi was likely the work of terrorists, perhaps affiliated with al qaeda. in an appearance on "face the nation" five days after the attack, rice gave no hint of that. >> we do not have information at present that leads us to conclude that this was premeditated or preplanned. >> reporter: last week, former c.i.a. director david petraeus told congressional panels in closed sessions that someone in the obama administration removed references to terrorism and al qaeda fro
sharyl attkisson in washington has more on that tonight. sharyl. >> reporter: ambassador rice defended her comment from more than nine weeks ago when she said the benghazi attacks did not appear preplanned. she said that reflected the best intelligence at the time. >> i relied solely and squarely on the information provided to me by the intelligence community. i made clear that the information was preliminary and that our investigations would give us the definitive answers. >>...
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Nov 12, 2012
11/12
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WUSA
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new york governor andrew cuomo says he will ask washington for $30 billion in emergency aid. and while new jersey will lift its gas rationing tomorrow, people are getting fed up in brooklyn, new york, and that's where mark strassmann is tonight. >> oh, my god, i didn't see anything like this. >> reporter: an n smith returned for the first time today to her ruined brooklyn home. she fled it two weeks ago, wading through knee-deep water. when you look around this room, what goes through your mind? >> disaster, complete disaster. i never saw anything like it. >> reporter: much of brooklyn's gerritsen beach neighborhood looks as though sandy hit two days ago. two thirds of the working class homes here were damaged or destroyed. smith's house had six feet of floodwater and, like all her neighbors, still has no power, no heat. the 76-year-old was stunned by what fema inspectors are giving her to cover all repairs. the $1700. but $1700 isn't even close to what you need. >> no. no. you live here all your life. this is ridiculous. how could $1700 fix this? >> reporter: in new york and
new york governor andrew cuomo says he will ask washington for $30 billion in emergency aid. and while new jersey will lift its gas rationing tomorrow, people are getting fed up in brooklyn, new york, and that's where mark strassmann is tonight. >> oh, my god, i didn't see anything like this. >> reporter: an n smith returned for the first time today to her ruined brooklyn home. she fled it two weeks ago, wading through knee-deep water. when you look around this room, what goes...
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Nov 7, 2012
11/12
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>> pelley: tonight, can they fix washington now? the politicians who brought us gridlock are reelected. >> tonight you voted for action, not politics as usual. >> let's rise above the dysfunction and do the right thing together for our country. >> pelley: reports from nancy cordes, dean reynolds and anthony mason. a countdown begins to automatic tax increases and huge budget cuts. wyatt andrews on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing much changed. republicans will still control the house, democrats the senate, and barack obama will still be
>> pelley: tonight, can they fix washington now? the politicians who brought us gridlock are reelected. >> tonight you voted for action, not politics as usual. >> let's rise above the dysfunction and do the right thing together for our country. >> pelley: reports from nancy cordes, dean reynolds and anthony mason. a countdown begins to automatic tax increases and huge budget cuts. wyatt andrews on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben...
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Nov 22, 2012
11/12
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washington playing with fire? >> yes. yes. washington is playing with fire, and you don't get-- it's not like a football game where you get the two-minute warning. they don't-- you know, they don't tell you when you have-- you only get one more chance. and in some ways, the fact that the-- we're able to fund ourselves, finance ourselves, people are willing to lend to us so cheaply lulls people into a false sense of security. >> pelley: blankfein told us if it weren't for uncertainty in washington, there would be a lot of strength in the economy. he says the u.s. will soon be the world's largest oil producer, american universities draw the brightest from all around the world, and american companies have more than $1 trillion of cash on hand to invest. if you had the president and the speaker of the house in this room and they asked for your advice, you would tell them what? >> in general? i'll tell you, i think i'm supportive of whoever is the most likely to lead us to a consensus, that will unify the country and get us all mov
washington playing with fire? >> yes. yes. washington is playing with fire, and you don't get-- it's not like a football game where you get the two-minute warning. they don't-- you know, they don't tell you when you have-- you only get one more chance. and in some ways, the fact that the-- we're able to fund ourselves, finance ourselves, people are willing to lend to us so cheaply lulls people into a false sense of security. >> pelley: blankfein told us if it weren't for uncertainty...
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Nov 9, 2012
11/12
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before this sudden development, it would have been hard to find anyone in washington admired as much as petraeus. the former general led the war in iraq and the war in afghanistan. he is a scholar known for his calm, steady advice to presidents. we begin our coverage of this breaking story with nancy cordes at the white house tonight. nancy? >> reporter: scott, white house officials say petraeus came here to the white house yesterday afternoon to meet with the president in person and offer his resignation. the president asked for a night to think it over, to talk with top aides and today in the a phone call with petraeus, he accepted it. the resignation is effective immediately. just 14 months after petraeus was sworn in as director of the c.i.a. with his wife at his side. in a statement to c.i.a. employees today, petraeus said: that statement was followed a few minutes later by this one from the president who said he had accepted petraeus' resignation and that: it happened so suddenly even the white house press secretary seemed taken by surprise. >> the president has -- believed tha
before this sudden development, it would have been hard to find anyone in washington admired as much as petraeus. the former general led the war in iraq and the war in afghanistan. he is a scholar known for his calm, steady advice to presidents. we begin our coverage of this breaking story with nancy cordes at the white house tonight. nancy? >> reporter: scott, white house officials say petraeus came here to the white house yesterday afternoon to meet with the president in person and...
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Nov 6, 2012
11/12
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let's bring in our chief washington correspondent and anchor of "face the nation" bob schieffer and the coanchor of cbs "this morning," norah o'donnell. bob, too close to call? what do you think? >> i tell you, scott, what i draw from this first wave of exit polls it just underlines why the election has been so hard to figure out as it has from the beginning. the data is simply contradictory. for example, our exit polling has some good news for the president. 43% believe the president's policies favor the middle-class. 52% believe governor romney's policies favor the rich. yet 53% believe the federal government is doing too much while only 41% believe it should be doing more. so that should be good news for governor romney. and listen to this: on health care, 26% want to repeal the president's plan. but 25% want to expand it. this just tells you what we knew going in. the country is deeply divided, scott. we're going to be here for a while tonight. >> pelley: a divided nation. norah, what are you looking for? >> that's right, a divided nation. we know one of the biggest head winds facin
let's bring in our chief washington correspondent and anchor of "face the nation" bob schieffer and the coanchor of cbs "this morning," norah o'donnell. bob, too close to call? what do you think? >> i tell you, scott, what i draw from this first wave of exit polls it just underlines why the election has been so hard to figure out as it has from the beginning. the data is simply contradictory. for example, our exit polling has some good news for the president. 43%...
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Nov 2, 2012
11/12
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obama was back in campaign mode, deriding governor romney's eromise to bring change to washington. >> another $5 trillion tax cut that favors the wealthy isn't change. >> no! >> turning medicare into a voucher is change, but we don't want that change. oveeporter: the president's iveedule over the next five days tells you a lot about his mpaiaign strategy. he'll be spending a great deal of time in ohio and wisconsin, trying to build a midwest firewall to prevent governor romney, scott, from getting 270 electoral votes. >> pelley: well, nancy, governor eymney went hunting for votes today in another swing state, virginia. snd jan crawford is covering his campaign. mp we really can't have four more years like the last four re ys. i know the-- the obama folks are chanting four more years, four fre years. rut our chant is this-- five more days. >> reporter: at a rally in virginia, a campaign cheer was also a reminder of how little time is left. >> five more days! ore more days! r reporter: before the y hadcane, romney had momentum. the race was in a dead heat, and he was tied or within stri
obama was back in campaign mode, deriding governor romney's eromise to bring change to washington. >> another $5 trillion tax cut that favors the wealthy isn't change. >> no! >> turning medicare into a voucher is change, but we don't want that change. oveeporter: the president's iveedule over the next five days tells you a lot about his mpaiaign strategy. he'll be spending a great deal of time in ohio and wisconsin, trying to build a midwest firewall to prevent governor...
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Nov 30, 2012
11/12
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so can washington make a deal on the budget and avoid those tax increases? we're getting our first look tonight at president obama's proposal and the republican reaction. major garrett is at the white house for us tonight. major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this w
so can washington make a deal on the budget and avoid those tax increases? we're getting our first look tonight at president obama's proposal and the republican reaction. major garrett is at the white house for us tonight. major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next...
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Nov 6, 2012
11/12
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bob schieffer is our chief washington correspondent and anchor of "face the nation." bob, what are you looking for in ouis tight race tomorrow? ro well, i'll tell you, scott, telalked to the top people in both campaigns today and this ay come as a surprise but both uides are flat out predicting not just wins but big wins. e obamama people say they feel good about the early voting in most of the key battleground states. they feel very good about iowa and nevada. they think they're ahead by a they t there florida. red they may be right. but republicans tend to do better at getting their voters out on election day, so they can turn all that around and the ple ar people are arguing that thusenthusiasm and the intensity tens're seeing at their rallies will make that happen. i have to say, when you clear ,way all the spin, it is coming hing:to one thing: turnout. which side gets their voters to whic the polls tomorrow? and just to add that one note of fuspense to all of that: it's that storm heading toward florida tonight. owardlley: bob, thank you very much. as you know, u
bob schieffer is our chief washington correspondent and anchor of "face the nation." bob, what are you looking for in ouis tight race tomorrow? ro well, i'll tell you, scott, telalked to the top people in both campaigns today and this ay come as a surprise but both uides are flat out predicting not just wins but big wins. e obamama people say they feel good about the early voting in most of the key battleground states. they feel very good about iowa and nevada. they think they're...
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Nov 21, 2012
11/12
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eye 174
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not what oregon and washington need yesterday they got more than six inches. winds gusting over 100 miles an hour knocked down trees there. memories stolen by another storm are being recovered thanks to a woman you will meet when we come back. used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become
not what oregon and washington need yesterday they got more than six inches. winds gusting over 100 miles an hour knocked down trees there. memories stolen by another storm are being recovered thanks to a woman you will meet when we come back. used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is...
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Nov 14, 2012
11/12
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eye 268
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general allen flew to washington to prepare for his nato confirmation hearing, but now that that's on hold he'll be returning to afghanistan. his command was always set to end in february. the man nominated to replace him is general joseph dunford, assistant commandant of the marine corps. dunford has served 22 months in iraq, he was nominated by president obama october 10. part of his mission would be to help get u.s. forces out of afghanistan by the end of 2014. that vacancy at the c.i.a. is one of many openings in the obama administration. the secretaries of state, treasury, and defense would all like to leave. so what who's coming in? nancy cordes is at the white house for us tonight. nancy? >> reporter: scott, white house officials told me today that u.n. ambassador susan rice is the front-winner to replace hillary clinton as secretary of state despite some strong opposition from some republicans. the 47-year-old u.n. ambassador is a close confidante of president obama, a former rhodes scholar who served as an assistant secretary of state under president clinton. she came under f
general allen flew to washington to prepare for his nato confirmation hearing, but now that that's on hold he'll be returning to afghanistan. his command was always set to end in february. the man nominated to replace him is general joseph dunford, assistant commandant of the marine corps. dunford has served 22 months in iraq, he was nominated by president obama october 10. part of his mission would be to help get u.s. forces out of afghanistan by the end of 2014. that vacancy at the c.i.a. is...